Patrick Whitesell Acquires 60,208 Shares of Endeavor Group Holdings, Inc. (NYSE:EDR) Stock

Endeavor Group Holdings, Inc. (NYSE:EDR) major shareholder Patrick Whitesell purchased 60,208 shares of Endeavor Group stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of $143.73 per share, with a total value of $8,653,695.84. Following the acquisition, the insider now directly owns 1,734,530 shares in the company, valued at $249,303,996.90. This trade represents a 3.60 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Endeavor Group Price Performance

Shares of NYSE EDR traded up $0.02 during midday trading on Friday, hitting $30.75. The stock had a trading volume of 358,511 shares, compared to its average volume of 3,347,155. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The stock has a 50 day simple moving average of $29.56 and a 200-day simple moving average of $28.13. The company has a market capitalization of $21.04 billion, a PE ratio of -15.00 and a beta of 0.76. Endeavor Group Holdings, Inc. has a 1 year low of $22.75 and a 1 year high of $30.83.

Endeavor Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.78%. Endeavor Group’s payout ratio is currently -11.71%.

Institutional Investors Weigh In On Endeavor Group

Large investors have recently modified their holdings of the business. Pentwater Capital Management LP boosted its position in Endeavor Group by 457.0% during the second quarter. Pentwater Capital Management LP now owns 13,200,000 shares of the company’s stock worth $356,796,000 after acquiring an additional 10,830,000 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new stake in shares of Endeavor Group in the second quarter valued at approximately $205,038,000. Athos Capital Ltd lifted its position in Endeavor Group by 135.9% during the third quarter. Athos Capital Ltd now owns 7,719,200 shares of the company’s stock worth $220,460,000 after buying an additional 4,447,000 shares in the last quarter. Glazer Capital LLC acquired a new position in Endeavor Group during the second quarter worth $49,017,000. Finally, Polar Asset Management Partners Inc. grew its holdings in Endeavor Group by 300.0% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 2,000,000 shares of the company’s stock valued at $57,120,000 after buying an additional 1,500,000 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Endeavor Group in a research note on Monday. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Endeavor Group presently has a consensus rating of “Hold” and a consensus target price of $27.86.

Endeavor Group Company Profile

Endeavor Group Holdings, Inc operates as a sports and entertainment company in the United States, the United Kingdom, and internationally. It operates through four segments: Owned Sports Properties; Events, Experiences & Rights; Representation; and Sports Data & Technology. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, World Wrestling Entertainment, Inc, Professional Bull Rider, and Euroleague.